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A new law means that every employer must automatically enrol their employees into a qualifying Group Workplace Pension scheme if they are aged between 22 and the State Pension Age, earn £10,000+ annually and usually work within the UK. This is called ‘Automatic Enrolment’.
Automatic Enrolment is a Government initiative to help more people save for later life through a pension scheme at work. Automatic Enrolment has been devised to encourage a retirement savings culture in the UK.
It is referred to as automatic because it is for your staff- workers do not have to anything in order to be enrolled in your pension scheme. However, it is NOT automatic for you as the employer! With substantial fines being issued for employers not complying with their obligations, there are serious implications.
County Associates (UK) Employee Benefits Limited would be delighted to offer our services to help set up and support you through the implementation of an appropriate scheme.
Please fill in the form below with the details of your enquiry and we will get in contact as soon as possible.